Discuss Why Economic Viability Must Be Considered When Making Technology

question 81

Essay

Discuss why economic viability must be considered when making technology decisions. Provide an example of a current idea or product and its economic viability.

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Definitions:

Tax Status

Refers to the classification of an entity or individual for tax purposes, based on criteria like income, employment, or ownership structure, affecting tax responsibilities.

Declaring Dividends

The action by a company's board of directors to distribute profits to shareholders in proportion to the amount of shares they own.

Significant Policy Decisions

Refers to important choices made by governments or organizations that influence the direction of policies or actions.

Appointing Officers

Individuals or entities authorized to assign positions or roles within an organization or government.